Job FamilyActuarial
Job Description SummaryProvides actuarial leadership in the consolidation, analysis, and reporting of insurance financial results. Partners with cross-functional stakeholders to evaluate drivers of business performance, communicate key insights to management, lead projects and support financial reporting initiatives
Job Description Responsibilities- Prepare and deliver actuarial reports, analyses, and management insights related to financial results, persistency, mortality and morbidity experience, reinsurance performance, economic impacts, and other key business drivers.
- Lead the preparation of the IFRS 17 Financial Management Information (FMI) package, including exhibits, narratives, management commentary, and responses to follow-up questions.
- Collaborate with valuation, investments, Asset Liability Management (ALM), and other business partners across life, health, and annuity product lines to understand and explain drivers of financial results and perform ad hoc analysis to support management questions.
- Develop, enhance, and maintain reporting exhibits and analytics that effectively communicate results and trends to management and other stakeholders.
- Support the organization's transition and ongoing reporting under U.S. GAAP, including development of FMI reporting, analysis of GAAP results, methodology development, and implementation activities.
- Provide technical guidance and actuarial expertise on complex reporting and valuation issues.
- Represent the organization, as appropriate, on industry committees, professional organizations, and in interactions with regulators.
Qualifications- Fellow of the Society of Actuaries (FSA) or equivalent professional designation preferred.
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related quantitative field, plus 5+ years of relevant actuarial experience.
- In lieu of a Bachelor's degree, a Master's degree in a related field and 4+ years of relevant actuarial experience may be considered.
- In lieu of an FSA designation, an Associate of the Society of Actuaries (ASA) or equivalent designation with 8+ years of relevant actuarial experience may be considered.
- Demonstrates high quality leadership, judgment, organization and prioritization skills.
- Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences.
- Works well under pressure and within time constraints to effectively accomplish individual and team objectives.
- xcellent computer skills.
Preferred Qualifications- Strong knowledge of insurance financial reporting, valuation, and actuarial analysis.
- Experience with IFRS 17 and/or U.S. GAAP reporting preferred.
- Demonstrated leadership, sound judgment, organizational effectiveness, and project management skills.
- Ability to communicate complex actuarial, financial, and analytical concepts clearly and effectively to technical and non-technical audiences.
- Proven ability to manage multiple priorities, meet deadlines, and perform effectively in a fast-paced environment.
- Strong analytical, problem-solving, and computer skills.
Working Conditions- Hybrid office environment
- Occasional travel may be required (typically less than 10%)
Working Conditions- This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids, Baltimore, Philadelphia, or Denver).
- Relocation assistance will not be provided for this position
- Occasional Travel
- Limited travel may be required
CompensationThe salary for this position generally ranges between $128,000 - $165,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus of 15% based on the Company Bonus Plan/Individual Performance and is at the Company's discretion.
Disclaimer:Beware of fake job offers!
We've been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:
- We will never request personal information such as ID or payment for equipment upfront.
- Official offers are sent via DocuSign following a verbal offer-not through text or email.
This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.
What We Offer For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Compensation Benefits
- Competitive Pay
- Bonus for Eligible Employees
Benefits Package
- Pension Plan
- 401k Match
- Employee Stock Purchase Plan
- Tuition Reimbursement
- Disability Insurance
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Employee Discounts
- Career Training & Development Opportunities
Health and Work/Life Balance Benefits
- Paid Time Off starting at 160 hours annually for employees in their first year of service.
- Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
- Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
- Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
- Adoption Assistance
- Employee Assistance Program
- Back-Up Care Program
- PTO for Volunteer Hours
- Employee Matching Gifts Program
- Employee Resource Groups
- Inclusion and Diversity Programs
- Employee Recognition Program
- Referral Bonus Programs
